A Little Market Chaos Is Good... For Banks

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Wall Street's biggest banks are heading for a record $18 billion quarter in stock-trading revenue, as market turmoil keeps investors busy.

A mix of geopolitical tension - notably the US-Iran conflict - and rapid shifts around AI and private credit has sparked heavy repositioning across markets.

That's boosted trading desks at firms like Goldman Sachs, Morgan Stanley, and JPMorgan, with fixed-income units also set for standout results.

Still, attention is shifting beyond the numbers: investors are watching for clues on private credit risks, consumer resilience amid rising oil prices, and whether volatility starts to weigh on dealmaking...